Digital Magazine

Kongsberg Precision Cutting Systems Acquires MultiCam

Kongsberg Precision Cutting Systems (Kongsberg PCS) is delighted to announce the acquisition of MultiCam, Inc., a U.S. manufacturer and distributor of Computer Numerical Control (CNC) cutting machines and digital finishing processes.

The acquisition of MultiCam, including its operations in the U.S. and sales offices in Canada and Germany, expands Kongsberg PCS’ market reach and customer base across North America and Europe, and creates the world’s first diversified provider of digital finishing and CNC cutting machines.

“This is a monumental day for Kongsberg and MultiCam. Our businesses coming together to drive best-in-class cutting and finishing processes will deliver a tremendous advantage for our global customer base,” said Stuart Fox, PCS president, Kongsberg. “Following the completion of the deal I am now excited to begin integrating our businesses and exploring new markets.”

News of the acquisition comes just five months after Kongsberg PCS was established as a stand-alone business after being acquired by OpenGate Capital.

“We recognized the importance of digitization for this business and developed an investment thesis that includes the growth of Kongsberg PCS through innovation and add-on investments,” said, Julien Lagrèze, partner, OpenGate Capital. “With this strategic combination, Kongsberg PCS gains greater scale, and expands its reach to a broader, global customer base with new products and services.”

Founded in 1989, MultiCam supplies innovative, CNC cutting solutions for a multitude of industries and applications ranging from sign making to digital finishing, aerospace to automotive, sheet-metal to plate-steel processing, hardwoods to cabinet making, thermoform trimming to plastics fabrication.

“At MultiCam, we have worked for over 30 years to diligently build a world class organization in the focused cutting arenas of routing, fabrication and digital finishing. The MultiCam brand is synonymous with quality, durability and ease of use,” said David J. Morse, CEO, MultiCam, Inc. “We are very pleased to join forces with Kongsberg who has built an outstanding global brand and culture that align directly with what we have built at MultiCam.

The company will continue to operate under the MultiCam name within Kongsberg Precision Cutting Systems, with David J. Morse joining the Kongsberg PCS senior management team and continuing to lead the MultiCam business.

For more information, visit https://www.kongsbergsystems.com.

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